Peer Analysis

Performance Ratios (%) FBNC Peer Median Peer Average
ROAA 1.42 1.10 0.93
ROAE 11.14 8.15 7.55
Net Interest Margin 4.09 3.77 3.83
Efficiency Ratio 56.78 56.45 59.68
Loans / Deposits 92.54 93.42 92.06
Asset Quality Ratios (%)
NPAs / Assets 0.72 0.82 0.99
NCOs / Avg Loans (0.01) 0.11 0.17
Reserves / Loans 0.49 0.78 0.75
Reserves / NPAs 50.03 72.69 105.83
Capital Ratios (%)
Tier 1 Capital 13.18 12.31 13.04
Tangible Equity / Tangible Assets 9.02 9.65 10.00
Total Equity / Total Assets 13.01 12.96 12.81
Market Ratios
Price / Earnings (x) 14.63 18.09 25.54
Price / Book (%) 157.43 144.36 147.65
Dividend Yield (%) 1.02 2.10 1.78
Data for trailing four quarters

First Bancorp's peer group consists of the following: Ameris Bancorp (ABCB), BNC Bancorp (BNCN), Capital City Bank Group, Inc. (CCBG), Cardinal Financial Corporation (CFNL), Carter Bank & Trust (CARE), CenterState Bank Corporation (CSFL), City Holding Company (CHCO), Community Trust Bancorp, Inc. (CTBI), CommunityOne Bancorp (COB), Fidelity Southern Corporation (LION), First Community Bankshares, Inc. (FCBC), Renasant Corporation (RNST), Republic Bancorp, Inc. (RBCA.A), Seacoast Banking Corporation of Florida (SBCF), South State Corporation (SSB), State Bank Financial Corporation (STBZ), Stock Yards Bancorp, Inc. (SYBT), TowneBank (TOWN), Union Bankshares Corporation (UBSH), Xenith Bankshares, Inc. (XBKS), Yadkin Financial Corporation (YDKN)

First Bancorp's financial data is as of 9/30/2018.

Peer financial data is as of 9/30/2018 except for these companies:

CommunityOne Bancorp's financial data is as of 6/30/2016.
Cardinal Financial Corporation's financial data is as of 3/31/2017.
Xenith Bankshares, Inc.'s financial data is as of 12/31/2017.
BNC Bancorp's financial data is as of 3/31/2017.
Yadkin Financial Corporation's financial data is as of 12/31/2016.